Summary
TOMTREE is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show equity of €54.37M and a net result of €17.62M. Equity is growing by ~9.5% per year across the filed fiscal years. Its solvency ranks better than 73% of 2777 sector peers (fiscal year 2024). The company has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit check for your own amount and term
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 01-07-2025, 30 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
30 d early
2023
27 d early
2022
26 d early
2021
27 d early
2020
30 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, full schema, statutory accounts
Equity
€54.37M▲ 16.3%
2023 · €46.75M
2018: €28.91Mlowest in 7 years
2019: €34.42M▲ +19.1% vs 2018
2020: €39.03M▲ +13.4% vs 2019
2021: €44.59M▲ +14.2% vs 2020
2022: €42.20M▼ -5.4% vs 2021
2023: €46.75M▲ +10.8% vs 2022
2024: €54.37M▲ +16.3% vs 2023highest in 7 years
2018 → 2024
Net result
€17.62M▲ 40.4%
2023 · €12.55M
2018: €8.56M
2019: €5.51M▼ -35.6% vs 2018
2020: €4.61M▼ -16.4% vs 2019lowest in 7 years
2021: €5.56M▲ +20.7% vs 2020
2022: €5.61M▲ +0.8% vs 2021
2023: €12.55M▲ +124% vs 2022
2024: €17.62M▲ +40.4% vs 2023highest in 7 years
2018 → 2024
Total assets
€65.37M▲ 12.1%
2023 · €58.32M
2018: €32.23Mlowest in 7 years
2019: €39.52M▲ +22.6% vs 2018
2020: €42.12M▲ +6.6% vs 2019
2021: €46.55M▲ +10.5% vs 2020
2022: €51.67M▲ +11.0% vs 2021
2023: €58.32M▲ +12.9% vs 2022
2024: €65.37M▲ +12.1% vs 2023highest in 7 years
2018 → 2024
Solvency
83.2%▲ 3.0pp
2023 · 80.2%
2018: 89.7%
2019: 87.1%▼ -2.9% vs 2018
2020: 92.7%▲ +6.4% vs 2019
2021: 95.8%▲ +3.4% vs 2020highest in 7 years
2022: 81.7%▼ -14.7% vs 2021
2023: 80.2%▼ -1.8% vs 2022lowest in 7 years
2024: 83.2%▲ +3.8% vs 2023
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€437k-€534k▲ 22.2%€599k▲ 12.1%€604k▲ 0.8%€529k▼ 12.4%
2020: €437klowest in 5 years
2021: €534k▲ +22.2% vs 2020
2022: €599k▲ +12.1% vs 2021
2023: €604k▲ +0.8% vs 2022highest in 5 years
2024: €529k▼ -12.4% vs 2023
Equity€39.03M-€44.59M▲ 14.2%€42.20M▼ 5.4%€46.75M▲ 10.8%€54.37M▲ 16.3%
2020: €39.03Mlowest in 5 years
2021: €44.59M▲ +14.2% vs 2020
2022: €42.20M▼ -5.4% vs 2021
2023: €46.75M▲ +10.8% vs 2022
2024: €54.37M▲ +16.3% vs 2023highest in 5 years
Operating result€104k-€-37k€-234k▼ 530%€-233k▲ 0.5%€-424k▼ 81.6%
2020: €104khighest in 5 years
2021: €-37k▼ -136% vs 2020
2022: €-234k▼ -530% vs 2021
2023: €-233k▲ +0.5% vs 2022
2024: €-424k▼ -81.6% vs 2023lowest in 5 years
Net result€4.61M-€5.56M▲ 20.7%€5.61M▲ 0.8%€12.55M▲ 124%€17.62M▲ 40.4%
2020: €4.61Mlowest in 5 years
2021: €5.56M▲ +20.7% vs 2020
2022: €5.61M▲ +0.8% vs 2021
2023: €12.55M▲ +124% vs 2022
2024: €17.62M▲ +40.4% vs 2023highest in 5 years
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €424k in 2024 against €233k in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €65.37M
Fixed assets
€31.87M ▼ 0.8%
Current assets
€33.50M ▲ 27.9%
Equity and liabilities €65.37M
Equity
€54.37M ▲ 16.3%
Debt
€10.99M ▼ 5.0%
Debt's share of the balance-sheet total falls from 19.8% to 16.8%. Equity is higher and debt is lower.
Key figures and ratios
ROE
32.4%▲
2023 · 26.9%
ROA
27.0%▲
2023 · 21.5%
Debt ≤ 1 year
€10.74M▼
2023 · €10.98M
Debt > 1 year
€0▼
2023 · €357k
Income taxes
€415k▲
2023 · €196k
Staff costs
€17k▼
2023 · €28k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 79 lines
Balance sheet
Code20232024
Assets
Total assets20/58€58.32M€65.37M▲
Fixed assets21/28€32.12M€31.87M▼
Intangible fixed assets21€2k€2k▼
Tangible fixed assets22/27€1.76M€2.39M▲
Land and buildings22-€50k
Plant, machinery and equipment23€7k€4k▼
Furniture and vehicles24€60k€760k▲
Other tangible fixed assets26€1.69M€1.58M▼
Financial fixed assets28€30.37M€29.48M▼
Affiliated companies280/1€28.03M€27.28M▼
Participating interests280€27.53M€16.14M▼
Amounts receivable281€500k€11.14M▲
Companies linked by participating interests282/3€2.34M€2.20M▼
Participating interests282€1.62M€1.34M▼
Amounts receivable283€721k€855k▲
Current assets29/58€26.19M€33.50M▲
Amounts receivable after more than one year29€6.53M€9.56M▲
Other amounts receivable291€6.53M€9.56M▲
Stocks and contracts in progress3-€176k
Stocks30/36-€176k
Goods purchased for resale34-€176k
Amounts receivable within one year40/41€10.92M€5.97M▼
Trade receivables40€12k€7k▼
Other amounts receivable41€10.91M€5.96M▼
Current investments50/53€7.21M€12.88M▲
Other investments51/53€7.21M€12.88M▲
Cash at bank and in hand54/58€1.12M€3.27M▲
Deferred charges and accrued income490/1€418k€1.65M▲
Equity and liabilities
Total equity and liabilities10/49€58.32M€65.37M▲
Equity10/15€46.75M€54.37M▲
Contributions10/11€6.38M€6.38M=
Reserves13€40.37M€48.00M▲
Distributable reserves133€40.37M€48.00M▲
Amounts payable17/49€11.57M€10.99M▼
Amounts payable after more than one year17€357k€0▼
Financial debts170/4€357k€0▼
Credit institutions173€357k€0▼
Amounts payable within one year42/48€10.98M€10.74M▼
Current portion of amounts payable after more than one year42€357k€357k=
Trade debts44€79k€78k▼
Suppliers440/4€79k€78k▼
Taxes, remuneration and social security45€143k€304k▲
Taxes450/3€139k€302k▲
Remuneration and social security454/9€4k€2k▼
Other amounts payable47/48€10.40M€10.00M▼
Accrued charges and deferred income492/3€231k€255k▲
Income statement
Code20232024
Operating income70/76A€604k€624k▲
Turnover70€604k€529k▼
Other operating income74€259€33k▲
Non-recurring operating income76A-€63k
Operating charges60/66A€837k€1.05M▲
Services and other goods61€667k€873k▲
Remuneration, social security and pensions62€28k€17k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€137k€152k▲
Other operating charges640/8€5k€6k▲
Operating profit (loss)9901€-233k€-424k▼
Financial income75/76B€13.21M€18.81M▲
Recurring financial income75€13.21M€11.38M▼
Income from financial fixed assets750€11.25M€8.77M▼
Income from current assets751€709k€1.58M▲
Other financial income752/9€1.25M€1.03M▼
Non-recurring financial income76B-€7.43M
Financial charges65/66B€231k€352k▲
Recurring financial charges65€45k€152k▲
Debt charges650€16k€11k▼
Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651€-756k€-61k▲
Other financial charges652/9€785k€202k▼
Non-recurring financial charges66B€186k€200k▲
Profit (loss) for the period before taxes9903€12.75M€18.04M▲
Income taxes67/77€196k€415k▲
Taxes670/3€196k€415k▲
Profit (loss) for the period9904€12.55M€17.62M▲
Profit (loss) for the period to be appropriated9905€12.55M€17.62M▲
Appropriation of the result
Profit (loss) to be appropriated9906€12.55M€17.62M▲
Transfer to equity691/2€4.55M€7.62M▲
To other reserves6921€4.55M€7.62M▲
Profit to be distributed694/7€8.00M€10.00M▲
Return on contributions (dividend)694€8.00M€10.00M▲
Social balance
Average headcount (FTE)90870.80.6▼
The notes to these accounts (99 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | €546k | €625k | €604k | €624k | ▲ 3.4% |
| Turnover70 | €437k | €534k | €599k | €604k | €529k | ▼ 12.4% |
| Other operating income74 | - | €12k | €26k | €259 | €33k | ▲ 12,430% |
| Non-recurring operating income76A | - | - | - | - | €63k | - |
| Operating charges60/66A | - | €583k | €860k | €837k | €1.05M | ▲ 25.2% |
| Services and other goods61 | - | €517k | €737k | €667k | €873k | ▲ 31.0% |
| Remuneration, social security and pensions62 | - | €6k | €20k | €28k | €17k | ▼ 40.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €36k | €45k | €68k | €137k | €152k | ▲ 10.9% |
| Other operating charges640/8 | - | €15k | €11k | €5k | €6k | ▲ 15.5% |
| Non-recurring operating charges66A | - | - | €24k | - | - | - |
| Operating profit (loss)9901 | €104k | €-37k | €-234k | €-233k | €-424k | ▼ 81.6% |
| Financial income75/76B | - | €6.30M | €7.06M | €13.21M | €18.81M | ▲ 42.4% |
| Recurring financial income75 | €4.94M | €6.30M | €7.06M | €13.21M | €11.38M | ▼ 13.8% |
| Income from financial fixed assets750 | - | €4.90M | €5.27M | €11.25M | €8.77M | ▼ 22.1% |
| Income from current assets751 | - | €193k | €365k | €709k | €1.58M | ▲ 123% |
| Other financial income752/9 | - | €1.21M | €1.43M | €1.25M | €1.03M | ▼ 17.4% |
| Non-recurring financial income76B | - | - | - | - | €7.43M | - |
| Financial charges65/66B | - | €359k | €1.09M | €231k | €352k | ▲ 52.4% |
| Recurring financial charges65 | €410k | €359k | €692k | €45k | €152k | ▲ 238% |
| Debt charges650 | €89k | €36k | €30k | €16k | €11k | ▼ 32.7% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651 | - | €76k | €423k | €-756k | €-61k | ▲ 92.0% |
| Other financial charges652/9 | - | €247k | €238k | €785k | €202k | ▼ 74.3% |
| Non-recurring financial charges66B | - | - | €400k | €186k | €200k | ▲ 7.6% |
| Profit (loss) for the period before taxes9903 | €4.69M | €5.90M | €5.73M | €12.75M | €18.04M | ▲ 41.5% |
| Income taxes67/77 | €86k | €344k | €123k | €196k | €415k | ▲ 112% |
| Taxes670/3 | - | €344k | €123k | €196k | €415k | ▲ 112% |
| Profit (loss) for the period9904 | €4.61M | €5.56M | €5.61M | €12.55M | €17.62M | ▲ 40.4% |
| Profit (loss) for the period to be appropriated9905 | €4.61M | €5.56M | €5.61M | €12.55M | €17.62M | ▲ 40.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €42.12M | €46.55M | €51.67M | €58.32M | €65.37M | ▲ 12.1% |
| Fixed assets21/28 | €30.89M | €31.71M | €32.18M | €32.12M | €31.87M | ▼ 0.8% |
| Intangible fixed assets21 | - | €3k | €2k | €2k | €2k | ▼ 14.1% |
| Tangible fixed assets22/27 | €85k | €453k | €1.39M | €1.76M | €2.39M | ▲ 36.1% |
| Land and buildings22 | - | - | - | - | €50k | - |
| Plant, machinery and equipment23 | - | - | €3k | €7k | €4k | ▼ 49.2% |
| Furniture and vehicles24 | - | €31k | €28k | €60k | €760k | ▲ 1,160% |
| Other tangible fixed assets26 | - | €422k | €1.36M | €1.69M | €1.58M | ▼ 6.7% |
| Financial fixed assets28 | €30.81M | €31.25M | €30.79M | €30.37M | €29.48M | ▼ 2.9% |
| Affiliated companies280/1 | - | €29.56M | €29.31M | €28.03M | €27.28M | ▼ 2.7% |
| Participating interests280 | - | €29.56M | €28.81M | €27.53M | €16.14M | ▼ 41.4% |
| Amounts receivable281 | - | - | €500k | €500k | €11.14M | ▲ 2,129% |
| Companies linked by participating interests282/3 | - | €1.69M | €1.48M | €2.34M | €2.20M | ▼ 6.0% |
| Participating interests282 | - | €739k | €750k | €1.62M | €1.34M | ▼ 17.0% |
| Amounts receivable283 | - | €954k | €726k | €721k | €855k | ▲ 18.7% |
| Other financial fixed assets284/8 | - | €1k | €500 | - | - | - |
| Shares284 | - | €500 | €500 | - | - | - |
| Amounts receivable and cash guarantees285/8 | - | €500 | - | - | - | - |
| Current assets29/58 | €11.23M | €14.84M | €19.49M | €26.19M | €33.50M | ▲ 27.9% |
| Amounts receivable after more than one year29 | - | €788k | €2.33M | €6.53M | €9.56M | ▲ 46.4% |
| Other amounts receivable291 | - | €788k | €2.33M | €6.53M | €9.56M | ▲ 46.4% |
| Stocks and contracts in progress3 | - | - | - | - | €176k | - |
| Stocks30/36 | - | - | - | - | €176k | - |
| Goods purchased for resale34 | - | - | - | - | €176k | - |
| Amounts receivable within one year40/41 | €642k | €767k | €2.26M | €10.92M | €5.97M | ▼ 45.4% |
| Trade receivables40 | - | €129k | €194k | €12k | €7k | ▼ 41.2% |
| Other amounts receivable41 | - | €638k | €2.07M | €10.91M | €5.96M | ▼ 45.4% |
| Current investments50/53 | €7.65M | €5.99M | €7.59M | €7.21M | €12.88M | ▲ 78.7% |
| Other investments51/53 | - | €5.99M | €7.59M | €7.21M | €12.88M | ▲ 78.7% |
| Cash at bank and in hand54/58 | €2.91M | €7.28M | €7.14M | €1.12M | €3.27M | ▲ 192% |
| Deferred charges and accrued income490/1 | - | €21k | €168k | €418k | €1.65M | ▲ 295% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €42.12M | €46.55M | €51.67M | €58.32M | €65.37M | ▲ 12.1% |
| Equity10/15 | €39.03M | €44.59M | €42.20M | €46.75M | €54.37M | ▲ 16.3% |
| Contributions10/11 | - | €6.38M | €6.38M | €6.38M | €6.38M | = |
| Reserves13 | €32.65M | €38.21M | €35.82M | €40.37M | €48.00M | ▲ 18.9% |
| Distributable reserves133 | - | €38.21M | €35.82M | €40.37M | €48.00M | ▲ 18.9% |
| Amounts payable17/49 | €3.09M | €1.96M | €9.47M | €11.57M | €10.99M | ▼ 5.0% |
| Amounts payable after more than one year17 | €1.43M | €1.07M | €714k | €357k | €0 | ▼ 100% |
| Financial debts170/4 | - | €1.07M | €714k | €357k | €0 | ▼ 100% |
| Credit institutions173 | - | €1.07M | €714k | €357k | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €1.60M | €719k | €8.56M | €10.98M | €10.74M | ▼ 2.2% |
| Current portion of amounts payable after more than one year42 | - | €357k | €357k | €357k | €357k | = |
| Trade debts44 | €84k | €89k | €159k | €79k | €78k | ▼ 0.9% |
| Suppliers440/4 | - | €89k | €159k | €79k | €78k | ▼ 0.9% |
| Taxes, remuneration and social security45 | - | €272k | €49k | €143k | €304k | ▲ 112% |
| Taxes450/3 | - | €272k | €43k | €139k | €302k | ▲ 117% |
| Remuneration and social security454/9 | - | €661 | €5k | €4k | €2k | ▼ 47.0% |
| Other amounts payable47/48 | - | €1k | €8.00M | €10.40M | €10.00M | ▼ 3.8% |
| Accrued charges and deferred income492/3 | - | €170k | €195k | €231k | €255k | ▲ 10.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4.61M | €5.56M | €5.61M | €12.55M | €17.62M | ▲ 40.4% |
| + Depreciation and write-downs630 | €36k | €45k | €68k | €137k | €152k | ▲ 10.9% |
| Operating cash flow (approximation) | €4.64M | €5.61M | €5.68M | €12.69M | €17.78M | ▲ 40.1% |
| Investment in fixed assets (approximation) | - | €-863k | €-541k | €-80k | €101k | ▲ 227% |
| Change in cash | - | €4.37M | €-138k | €-6.02M | €2.15M | ▲ 136% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
07-08
NBB filing
Annual accounts filed
fiscal year 2024 · consolidated
01-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Highest result since 2018net €17.62M ▲40.4%
Net result €17.62M, the highest in the series.
31-12
Financial
Equity above €50MEq €54.37M ▲16.3%
7 profitable years in a row build equity to €54.37M.
04-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
04-07
NBB filing
Annual accounts filed
fiscal year 2023 · consolidated
2023
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · consolidated
05-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
04-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
04-07
NBB filing
Annual accounts filed
fiscal year 2021 · consolidated
2021
31-12
Financial
Liquidity triplescurrent ratio 20.63
Current ratio from 7.00 to 20.63; short-term debt falls from €1.60M to €719k.
01-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
Show earlier events
01-07
NBB filing
Annual accounts filed
fiscal year 2020 · consolidated
2020
31-12
Financial
Weakest financial yearnet €4.61M ▼16.4%
Net result drops to €4.61M, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity triplescurrent ratio 7.00
Current ratio from 2.72 to 7.00; short-term debt falls from €3.09M to €1.60M.
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 13 acts read
About the unread acts
We know of 13 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
13 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Tervuren · 1 establishment unit since 2010
Ground area
565 m²
Building footprint
147 m²
Volume, LiDAR
1,175 m³
Parcel 24302D0171/00B000, Flanders · tallest building 14.0 m, ±3 floors. Linked by address, not a title deed.
15
companies at this address
See who is registered here
1 establishment unit
Tomtree
since 20102.185.421.183
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24302D0171/00B000 | Flanders | 565 m² | 1 · 147 m² | 14.0 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Ownership & control
2 subsidiaries, 1 abroadTOMTREEBE 0823.073.803
controls
Where this company holds controlsubsidiary per the LEI register2
Zaventem
Beconnected Hong Kong Limited
Wan Chai, Hong Kong · indirect
Recognitions · licences · registrations
Legal Entity Identifier
967600BSIZ6BIJ1T3U77
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Identification & contact
Identification
Legal formPrivate limited company
Founded10-02-2010
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
Scores and ratios are computed by Checked and are not a credit decision.